1.   Grand Met and Fosters have underwritten the debt and will share any profits or losses on the transfer.

2.   The bank makes corporate loans and underwrites some debt, though it lacks a significant stock operation.

3.   The bank likewise plans to start underwriting debt in the first quarter, with a focus on lower-grade, high-yield debt.

4.   The major bond firms that underwrite the debt often drive yields higher before the sales to assure demand from their customers.

5.   The securities firms that underwrite corporate debt often sell Treasuries to hedge against losses.

6.   Wall Street firms underwriting corporate debt also often sell Treasuries to protect against possible losses if interest rates rise before the corporate sales are completed.

7.   Wall Street firms underwriting corporate debt often sell Treasuries to protect against possible losses if interest rates rise before the corporate sales are completed.

8.   Yields probably will keep rising as the securities firms who underwrite government debt try to drum up investor demand.

9.   Yields will probably keep rising as the companies that underwrite government debt try to drum up investor demand.

10.   Instead of reforming the banking sector, the government is underwriting corporate debt.